Tuscaloosa Co., retirement system for police officers and firefighters, pension benefits, member contribution, Act 99-568, 1999 Reg. Sess., am'd.
Description
Relating to the City of Tuscaloosa in Tuscaloosa
County; to amend Act 99-568 of the 1999 Regular Session (Acts
1999, p. 1220), as amended, providing for a retirement system
for police officers and firefighters; to amend Section 6.03
relating to member contributions, to phase in an increase in
the percentage of member contributions; to amend Section 6.05
relating to city contributions, to phase in an increase in the
percentage of city contributions; to amend Section 7.01
relating to the membership of the Police and Fire Pension
Board, to remove the chief of the fire department and chief of
the police department from membership on the board and provide
for the appointment of the chief financial officer, an
appointment by the mayor, and an additional active police
officer and firefighter on the board, increasing the
membership from 11 to 13, and to provide for the special
election of the same; to specify that the chair shall be
selected from the elected members of the board; to amend
Sections 7.02 and 7.03 to increase the length of the terms of
office of active and retired police officer and firefighter
members of the board from three to four years; to provide
further for the duties of the treasurer; to amend Section 7.04
relating to the duties of the board, to provide further for
the investment strategy; to amend Section 7.06 to increase the
quorum of the board for transacting business from seven to
nine members; and to add Article 11 to Act 99-568 of the 1999
Regular Session (Acts 1999, p. 1220), as amended, to establish
a temporary task force to provide long term recommendations to
the city, the board, and the local legislative delegation on
or before June 1, 2021.
